SunSirs--China Commodity Data Group

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Commodity News

SunSirs: Palm Oil Prices Rose on April 28

April 29 2022 09:49:26     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the spot market price of palm oil rose sharply on April 28, up 4.58% in a single day.

Analysis review

Oil and fat in the outer disk rose, domestic palm oil inventories were low, supported by bullishness, and the palm oil market rose sharply, with mainstream quotations exceeding 14,600 RMB/ton.

Market outlook

In the short term, the palm oil spot market will remain high.

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